What are consumer goods?
- Consumer goods are products used for immediate consumption.
How Do I Remember it?
- Remember “consumer goods” by focusing on the word “consumer.” These are the goods that consumers purchase and use for their own personal needs and enjoyment.
Real World Example
- Examples of consumer goods include everyday items like clothing, electronics, food, and household appliances.
- When you buy a smartphone, a pair of jeans, or a loaf of bread for personal use, you are acquiring consumer goods.
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By: Ryan Aquino
